Building Details

Buildings 1

Listing Agency: 1 Percent Lists Premier

Listed By: Ryan Smith · License #B23076 Show Phone

Source: Smartmove225

Added: Sep 11 Changed: Oct 25 Last Checked: Oct 20 at 6:02PM

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Investment Insights

Based on property information with market context.

This flex-space property provides approximately 4,150 square feet within a commercial building measuring 40 feet by 100 feet. The layout includes a dedicated office area, kitchen, and one full bathroom with a shower, supporting a combination of administrative and operational functions under one roof.

Located at 1504 Mehle St in Arabi, Louisiana, the building offers a practical format for office, storage, business operations, or other approved commercial uses. The existing configuration provides separate office accommodations along with open commercial space for adaptable occupancy needs.

Key Highlights

• Approximately 4,150 square feet of commercial building area
• 40‑foot by 100‑foot building dimensions
• Dedicated office area within the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,838

Suggested Prices Based on Cap Rates

Cap Rate 5%

$496,760 $496.8K

Cap Rate 7%

$354,829 $354.8K

Cap Rate 9%

$275,978 $276.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,150 SF

Gross rent

$37.4K $9.00/SF

− Vacancy

−$1.9K −$0.45/SF

EGI

$35.5K $8.55/SF

− OpEx

−$10.6K −$2.56/SF

NOI

$24.8K $5.98/SF

Area

St. Bernard County, LA

Vacancy

5.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$496,760

Cap Rate 7%

$354,829

Cap Rate 9%

$275,978

Alternative Uses

Best Use

Warehouse

$476.8K

$417.2K – $556.3K (±1% cap)

NOI $33,377 @ 7.0% cap · market cap 556.28%

Second Best

Flex RnD

$434.7K

$380.4K – $507.1K (±1% cap)

NOI $30,428 @ 7.0% cap · market cap 507.13%

Theoretical Best

Office A

$1.09M

$958.0K – $1.28M (±1% cap)

NOI $76,642 @ 7.0% cap · market cap 1,277.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Parking Lot & Garage Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

479

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70032, LA

4,533

Population

2,160

Households

2.1

Avg Household Size

39

Median Age

23%

College-Educated

80%

High-School Grad

2.0 sq mi

ZIP Area

2,267

Density / Sq Mi

$52,500

Median Household Income

$45,463

Median Earnings

$998

Median Rent

$212,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Functional commercial space combines dedicated office accommodations with warehouse capacity and basic employee amenities.

Where is this flex space located?

The property is located at 1504 Mehle St Arabi, LA.

What are key features of this property?

This property features: Approximately 4,150 square feet of commercial building area; 40‑foot by 100‑foot building dimensions; Dedicated office area within the building